Nov 5, 4:08 PM ET
Akamai Technologies reported third quarter 2026 revenue of $1.1 billion, representing a 6% increase year-over-year. The company provided forward-looking revenue guidance, projecting 2027 total company revenue growth of 17% to 22% and 2028 total revenue to exceed $7.0 billion.
- Third quarter revenue reached $1.1 billion, up 6% year-over-year.
- Cloud Infrastructure Services revenue grew 34% year-over-year to $109 million.
- GAAP net income per diluted share was $0.77, down 21% year-over-year.
- Full-year 2027 total company revenue is projected to grow 17% to 22% year-over-year when adjusted for foreign exchange.
Read the filing on SEC.gov ↗
Sep 24, 4:14 PM ET
Akamai entered two project plans under its existing Anthropic master services agreement, under which Anthropic has committed to pay about $11.6 billion over initial seven-year terms, subject to termination rights and delivery requirements. Akamai also issued Anthropic a warrant for Series B preferred stock that would convert into up to about 7.7 million common shares, roughly 5% of shares outstanding, with about 2% expected to vest on the initial commitment. Akamai said the deal is not expected to affect its 2026 revenue guidance but will raise 2026 capital expenditures by about $1.7 billion, and the filing's total capital expenditure estimate for the commitment is about $5.5 billion.
- Anthropic has committed to pay about $11.6 billion in aggregate under Project Plans 2 and 3, each with an initial seven-year term, dated September 18, 2026
- Warrant for 387,051 shares of Series B Non-Voting Convertible Preferred Stock, each convertible into 20 common shares, for up to 7,741,020 common shares on an as-converted basis
- Total capital expenditures tied to the $11.6 billion commitment are estimated at about $5.5 billion, with about $1.7 billion more in 2026 capital expenditures for supply chain components including memory
- Akamai anticipates no impact to its 2026 revenue guidance
Read the filing on SEC.gov ↗
Aug 6, 4:07 PM ET
Akamai reported second-quarter 2026 revenue of $1.1 billion, up 5% from a year earlier, led by security and cloud infrastructure services growth. Profit fell: GAAP net income per diluted share was $0.52, down 27%, and non-GAAP net income per diluted share was $1.59, down 8%. The company also gave non-GAAP profit per share guidance of $1.60 to $1.80 for the third quarter and $6.40 to $7.05 for full-year 2026.
- Revenue was $1.100 billion, up 5% year-over-year; security revenue was $604 million, up 10%, and cloud infrastructure services revenue was $99 million, up 39%.
- GAAP net income per diluted share was $0.52, down 27%; non-GAAP net income per diluted share was $1.59, down 8%.
- Full-year 2026 guidance: revenue of $4.445 billion to $4.530 billion and non-GAAP net income per diluted share of $6.40 to $7.05.
- In the second quarter, Akamai spent $410 million to repurchase 3 million shares at a weighted average price of $134.54.
Read the filing on SEC.gov ↗
May 18, 4:16 PM ET
Akamai said it plans to offer $1.3 billion of 2030 convertible notes and $1.3 billion of 2032 convertible notes to qualified institutional buyers, subject to market conditions. The same day, it amended its credit agreement to raise the maximum consolidated leverage ratio covenant to 4.75:1.00 for the four quarters ending June 30, 2026 and September 30, 2026. Shareholders could face potential dilution, and the company plans to use part of the proceeds for capital expenditures at its Cloud Infrastructure Services business.
- Proposed offering: $1.3 billion of 0% convertible senior notes due May 15, 2030 and $1.3 billion due May 15, 2032, with initial purchasers able to buy up to an additional $200.0 million of each series
- Credit agreement Amendment No. 3 with JPMorgan Chase Bank, N.A. as agent raises the maximum leverage ratio covenant to 4.75:1.00 for quarters ending June 30 and September 30, 2026
- About $350 million of proceeds is planned for share repurchases from note purchasers, with the remaining proceeds for accelerated capital expenditures at the Cloud Infrastructure Services business and general corporate purposes
- Offering terms, including conversion rate and offering price, will be set at pricing and the offering is not assured
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.